US firm sues Pacquiao for $10M
Manny Pacquiao hired topnotch American lawyer David Marroso after RBM Group International filed a $10-million suit against the pound-for-pound king for breach of contract.
According to a story on website TMZ.com, Pacquiao allegedly signed a contract to record 12 songs with RBM in 2009. The lawsuit was filed in the Superior Court of Los Angeles County.
“At this point, we don’t know any of the facts, so I am not in a position to comment,” Marroso told the
Inquirer.
RBM claimed that Pacquiao was given a check worth $40,000 for two songs in October 2009, but he refused to do the recordings.
The suit also states that RBM Group lost profits worth about $10 million.
Pacquiao’s adviser Michael Koncz, who has been in consultation with Marroso, told the Inquirer that “the situation is under control.”
Team Pacquiao, though, remains concerned on who advised Pacquiao to sign the contract, which was reportedly poorly written and unintelligible.
This is not the first time that Pacquiao has been embroiled in a legal issue.
“I am not privy to the contract,” said Pacquiao’s chief-of-staff and lawyer Franklin “Jeng” Gacal, noting that he was never consulted about the agreement.
Koncz also clarified erroneous reports that the pay-per-view income on the Pacquiao-Antonio Margarito fight would be added to the guaranteed purse of $15 million.
Koncz said if the net income from PPV sales and other income exceed $15M, Pacquiao would receive the higher amount, not the total of both.
According to a story on website TMZ.com, Pacquiao allegedly signed a contract to record 12 songs with RBM in 2009. The lawsuit was filed in the Superior Court of Los Angeles County.
“At this point, we don’t know any of the facts, so I am not in a position to comment,” Marroso told the
Inquirer.
RBM claimed that Pacquiao was given a check worth $40,000 for two songs in October 2009, but he refused to do the recordings.
The suit also states that RBM Group lost profits worth about $10 million.
Pacquiao’s adviser Michael Koncz, who has been in consultation with Marroso, told the Inquirer that “the situation is under control.”
Team Pacquiao, though, remains concerned on who advised Pacquiao to sign the contract, which was reportedly poorly written and unintelligible.
This is not the first time that Pacquiao has been embroiled in a legal issue.
“I am not privy to the contract,” said Pacquiao’s chief-of-staff and lawyer Franklin “Jeng” Gacal, noting that he was never consulted about the agreement.
Koncz also clarified erroneous reports that the pay-per-view income on the Pacquiao-Antonio Margarito fight would be added to the guaranteed purse of $15 million.
Koncz said if the net income from PPV sales and other income exceed $15M, Pacquiao would receive the higher amount, not the total of both.
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